Gold Consolidation on 30m charts for next setup

20 Ağu

If you zoom out to the weekly chart you will see a long solid green candle stick prior to this weeks. And is a solid bullish candle stick above the 10 EMA signaling a bullish rally as this weeks candle stick stacks nicely above and indicates another push up before a fake out correction.

This is a possible setup after the first 2 consolidation patterns and 2 bottoms rejecting the price at support for each box. Now it appears it will move to a third to price in before a likely fake out price action around 2545.